SG Americas Securities LLC Increases Holdings in Aflac Incorporated (AFL)

SG Americas Securities LLC boosted its stake in Aflac Incorporated (NYSE:AFL) by 43.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,700 shares of the financial services provider’s stock after acquiring an additional 16,195 shares during the period. SG Americas Securities LLC’s holdings in Aflac were worth $4,371,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. AJO LP raised its position in shares of Aflac by 157.8% in the second quarter. AJO LP now owns 3,483,353 shares of the financial services provider’s stock valued at $270,587,000 after purchasing an additional 2,132,414 shares during the period. Balyasny Asset Management LLC raised its position in shares of Aflac by 1,351.2% in the second quarter. Balyasny Asset Management LLC now owns 1,311,615 shares of the financial services provider’s stock valued at $101,886,000 after purchasing an additional 1,221,231 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Aflac by 392.0% in the third quarter. Canada Pension Plan Investment Board now owns 1,303,597 shares of the financial services provider’s stock valued at $106,100,000 after purchasing an additional 1,038,628 shares during the period. Coho Partners Ltd. raised its position in shares of Aflac by 85.3% in the second quarter. Coho Partners Ltd. now owns 2,186,934 shares of the financial services provider’s stock valued at $169,881,000 after purchasing an additional 1,006,477 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in shares of Aflac by 108.6% in the second quarter. Parametric Portfolio Associates LLC now owns 1,870,142 shares of the financial services provider’s stock valued at $145,273,000 after purchasing an additional 973,604 shares during the period. 66.33% of the stock is currently owned by institutional investors and hedge funds.

AFL has been the topic of several research reports. Zacks Investment Research raised shares of Aflac from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Tuesday, September 5th. BidaskClub cut shares of Aflac from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. ValuEngine raised shares of Aflac from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Barclays PLC boosted their price objective on shares of Aflac from $73.00 to $79.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. Finally, Wells Fargo & Company reaffirmed a “hold” rating and set a $82.00 price objective on shares of Aflac in a research note on Thursday, September 28th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $79.63.

Shares of Aflac Incorporated (NYSE:AFL) traded down $0.46 during midday trading on Monday, reaching $83.85. 1,778,600 shares of the company’s stock traded hands, compared to its average volume of 1,786,466. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.24. Aflac Incorporated has a 1-year low of $66.50 and a 1-year high of $85.70. The company has a market cap of $32,970.00, a price-to-earnings ratio of 12.44, a PEG ratio of 2.48 and a beta of 1.00.

Aflac (NYSE:AFL) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.07. Aflac had a net margin of 12.49% and a return on equity of 12.87%. The business had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period in the prior year, the business earned $1.74 EPS. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. research analysts expect that Aflac Incorporated will post 6.76 EPS for the current year.

Aflac announced that its Board of Directors has approved a stock buyback plan on Tuesday, August 8th that permits the company to buyback 40,000,000 outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.15%. This is a positive change from Aflac’s previous quarterly dividend of $0.43. The ex-dividend date is Tuesday, November 14th. Aflac’s dividend payout ratio (DPR) is presently 26.12%.

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In related news, Director Douglas Wayne Johnson sold 1,500 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $83.58, for a total transaction of $125,370.00. Following the sale, the director now directly owns 13,733 shares of the company’s stock, valued at approximately $1,147,804.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Audrey B. Tillman sold 310 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $83.57, for a total transaction of $25,906.70. Following the sale, the insider now directly owns 41,937 shares in the company, valued at $3,504,675.09. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,709 shares of company stock valued at $2,404,680. 3.00% of the stock is owned by company insiders.

About Aflac

Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.

Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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